Cannabis extractor
MediPharm Labs Corp. (
TSX.LABS) says it plans to enter the Latin American medical cannabis market
after reaching a supply deal with a Peruvian company.
The Barrie, Ont.-based cannabis extraction firm said it will supply cannabis oil to Cann Farm Peru under a one-year renewable agreement, its first such agreement in Latin America.
Delivery of cannabis oil is scheduled to begin in the fourth-quarter of the year, pending approvals from Peruvian health authorities. Peru legalized medical cannabis in October 2017, but is solely dependent on imported products as no production licences have been awarded in the country.
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